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265 | Money Questions: Combining Finances, Paying Off Debt, Choosing the Right Bank, Budgeting for Kids & Staying Accountable To Your Budget

265 | Money Questions: Combining Finances, Paying Off Debt, Choosing the Right Bank, Budgeting for Kids & Staying Accountable To Your Budget

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans


265 | Money Questions: Combining Finances, Paying Off Debt, Choosing the Right Bank, Budgeting for Kids & Staying Accountable To Your Budget

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

ratings:
Length:
22 minutes
Released:
Jun 19, 2024
Format:
Podcast episode

Description


Snag Our Signature Budget Template!

Hey Budget Besties! In this episode, we're diving into your most pressing financial questions. From blending finances in a blended family to getting a month ahead on bills, we've got you covered. Tune in for practical advice and tips to help you take control of your money.
Key Points:

Blending Finances in a Blended Family:

Combining different financial habits and histories can be tough. We discuss the importance of transparency and creating a unified financial plan.
Tips on starting with a clean slate: laying out all income, debt, bills, and spending habits.
Define your "why" to stay motivated during tough financial discussions.


Weekly Budget Meetings:

Schedule a consistent time each week for a budget check-in. Make it enjoyable to stay consistent.
Key questions to ask: What’s working? What isn’t? Why? Adjust your budget as needed.


Balancing Groceries and Kids’ Clothing:

Prioritize necessities over wants. Involve kids in the budgeting process to teach them financial responsibility.
Tips on triaging kids’ clothing needs and finding affordable options like thrifting.


Making the Most of Increased Income:

As your income grows, it's easy for expenses to grow too. Stick to a budget to ensure you’re saving and spending wisely.
Tips on budgeting your new income to avoid lifestyle inflation.


Recovering from Budget Mistakes:

What to do if you miss a budget: account for previous missteps and plan your next steps carefully.
Tips on resetting your budget and learning from past mistakes.


Getting a Month Ahead on Bills:

Understanding what expenses to include when trying to get a month ahead: bills, debt payments, subscriptions, and utilities.
Aim to get a paycheck ahead to cover all aspects of your budget.


Choosing the Right Bank:

Recommendations for banks that allow multiple accounts without fees. Importance of finding a bank that works for you.
Suggestions for local credit unions and digital banks like Ally.






4 Ways To Connect With Us:
1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.budgetbesties.com/freecall 
2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.budgetbesties.com/facebook 
3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://budgetbesties.com/budget 
4️⃣ COACHING: Ready to dive deep into your finances? Sign up for 1-on-1 or Group Financial Coaching. It’s the accountability and guidance you need to make real progress ➡︎ https://budgetbesties.com/coaching 
"I love Shana & Vanessa and this podcast is amazing!" < If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone. 
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This description may contain affiliate links, meaning we may get a commission at no cost to you if you click & purchase!  

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Released:
Jun 19, 2024
Format:
Podcast episode

Titles in the series (100)

Even high-achieving, Jesus-following moms need help organizing their finances. We want to help you learn how to budget, how to get out of debt & how to save money. We do this through 1-on-1 coaching where we teach you how to stop stressing about money & install systems that automate your finances. Once you have these money systems, you’ll be able to live debt-free, build wealth & achieve financial freedom. Join us to ditch the bad money habits & take control of your financial future. Shana & Vanessa are best friends, business partners and Ramsey Solutions Master Financial Coaches.